Your NameYour Professor s NameYour ClassCurrent DateAnalysis of the US Automobile sedulousness as an OligopolyHistorically the carry commercialize in the United States has been an oligopoly . For years it was prevail by the Big Three auto functionrs - Ford , GM and Chrysler . More lately , it has been challenged by foreign automakers like Honda , Toyota and Nissan . Although with the entry of these Asian companies , the commercialize place share of the Big Three has fallen in fresh years , the exertion remains an oligopoly . It is only the position br of the players that has changedTo empathise the nature of the beast , one must(prenominal) understand the accompanimentors that drive any oligopoly . Its very essence is the fact that it is dominated by only a few companies that return exceedingly coordinated behavior (K aplan ) Therefore , pricing , products , engineering science and yield remain relatively similar .
It is not seeming that separate auto manufacturers would elect to go far the market to grapple with the elect few for a number of reasons . One of the frontmost is the stintingal barriers for entry into the auto making industry ( The Industry vade mecum : Automobiles 22 ) New entrants find it hard to compete with the economic advantages to large scale production . Even though a new company may have innovative ideas that would acquire the consumer price-wise , the company would be taking on an upward make out to achie ve and maintain its status in the industry .! As a result it does not even enter the market or if it does attempt to...If you want to get a plenteous essay, order it on our website:
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